Located at 87 Medford Street in Medford, MA, 519 on Broadway
is a new 55-unit development offering 4 one-bedroom condos and 2 two
bedroom condominium for sale, by lottery, for eligible first time
homebuyers (certain exceptions apply). The units have one or two
bathrooms, and one assigned surface parking, at no charge. The sq ft
ranges from 706-877 for a one-bedroom unit and 1,074 or 1,104 for the
two-bedroom units. Refrigerator, stove/oven, microwave, dishwasher,
washer/dryer, and central air are included. Pets are allowed per the pet
policy – 40 lbs. or less with breed restrictions.
ACCESS THE APPLICATION PACKET HERE
The maximum sales price for the affordable units are:
| Unit # |
Bedroom Size |
Monthly Fee |
Price |
| 202 |
1 |
$280.64 |
$245,000 |
| 210 |
2 |
$408.61 |
$260,300 |
| 307 |
1 |
$301.30 |
$241,600 |
| 313 |
2 |
$390.20 |
$263,400 |
| 414 |
1 |
$300.40 |
$241,800 |
| 415 |
1 |
$300.40 |
$241,800 |
KEY MEETING DATES
Public Information Meeting via Zoom
6:00 p.m., Tuesday, April 5, 2022
Go to Zoom.com and provide the following, when prompted:
Meeting ID: 840 8289 2754
Passcode: 582708
Application Deadline
May 2, 2022
Lottery via Zoom
3:00 p.m., Friday, May 27, 2022
Go to Zoom.com and provide the following, when prompted:
Meeting ID: 848 4337 1125
Passcode: 706645
If
you have questions and cannot attend the Public Information Meeting,
please contact the third-party lottery agent, MCO Housing Services, at
978-456-8388 Or email: lotteryinfo@mcohousingservices.com
PLEASE NOTE: All applicants must include a mortgage pre-approval letter, from an institutional lender familiar with affordable deed restrictions, and complete financial documentation with the application. An application will be considered incomplete and will not be included in the lottery if a mortgage pre-approval letter and all financial documentation is not received on or before the application deadline. Applicants who submit an incomplete application will be notified after the application deadline and will NOT be included in the lottery. An FHA or VA loan are not acceptable as they do not close on Deed Restricted properties. Quicken loans are not accepted as they have no experience with deed restricted properties in Massachusetts.
ACCESS THE APPLICATION PACKET HERE
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